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EDU...............

New Oriental Education profit doubles

By MarketWatch
Last Update: 4:55 AM ET Oct 17, 2006


LONDON (MarketWatch) - Chinese private educational services company New Oriental Education and Technology Group Inc. on Tuesday reported a doubling of its quarterly profit.

New Oriental ( EDU ) said fiscal first-quarter ending Aug. 31 profit doubled to 165.1 million yuan ($21 million), or 73 cents per U.S.-listed share, with revenue up 31% to $54 million.

Excluding share-based compensation expenses, the company would've earned 76 cents a share.






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